HFF announces $16.07 million financing for creative office in Charlotte, NC

INQ2401 Office Building, Charlotte, NC

Cory Fowler

CHARLOTTE, NC –– Holliday Fenoglio Fowler, L.P. (HFF) announces the $16.07 million financing for the newly remarketed INQ2401, a 162,372-square-foot creative office building in Charlotte, North Carolina.

The HFF team worked on behalf of the borrower, a partnership between DRA Advisors and Mainstreet Capital Partners, to place the floating-rate loan with HSBC.

The borrower redeveloped INQ2401 into a high-density, Class A interior with an eight-per-1,000-square-foot parking ratio.  New HVAC, roof, facade, parking, signage, lighting and landscaping all serve to create a destination office option that lends itself to a unique tenant environment. 

Starting this fall, Verizon Wireless will occupy more than 55 percent of the property.  Situated on 21.54 acres at 2401 Sardis Road North, INQ2401 is in the south part of Charlotte at the intersection of Sardis Road and Independence Boulevard, a strategic highway corridor currently undergoing widening and other improvements.

 Nearby amenities include the future Silver Line Light Rail, which upon completion will increase connectivity for future tenants; Galleria Shopping Center and the 114-acre McAlpine Creek Park.  Uptown Charlotte is approximately 10 miles northwest of the property.

Travis Andeerson

The HFF debt placement team representing the borrower included senior managing director Travis Anderson and senior director Cory Fowler.

“The sponsorship has done a phenomenal job revitalizing the property into a Class A office,” Fowler said.  

“Located within a 30-minute drive to approximately one million residents, INQ2401 addresses an immediate need for high-quality, large single-floorplate office space in a premium location.  That investment plan has been proven by the sponsor with the recent signing of Verizon Wireless.”

For more information on this news release, please contact:

Olivia Hennessey

Public Relations Specialist

HFF | 9 Greenway Plaza, Suite 700 | Houston, Texas 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com